Step 1: Identifying vowels and consonants.
In the word "LOGARITHM," the vowels are O, A, I. The consonants are L, G, R, T, H, M. There are 3 vowels and 6 consonants.
Step 2: Calculating the probability.
We are interested in arrangements where the word starts with a vowel and ends with a consonant. The number of ways to arrange the vowels in the first position and consonants in the last is \( 3 \times 6 \), and the number of ways to arrange the remaining letters is \( 6! \).
Thus, the total favorable outcomes are:
\[
3 \times 6 \times 6!
\]
The total number of possible arrangements is \( 8! \). Therefore, the probability is:
\[
\frac{3 \times 6 \times 6!}{8!} = \frac{1}{4}
\]
Step 3: Conclusion.
Thus, the probability is \( \frac{1}{4} \), which makes option (C) the correct answer.